Common use of Cancellation Without Cause Clause in Contracts

Cancellation Without Cause. ▇▇▇▇▇▇ may cancel the supply of any Goods and/or the performance of any Services or any part thereof at any time without cause at its sole option by giving written notice to Supplier. Upon such cancellation without cause, ▇▇▇▇▇▇ will reimburse Supplier for its actual direct costs incurred in respect of the Purchase Order prior to the effective date of notice of cancellation together with any actual direct costs resulting from such cancellation, less the reasonable recoverable value of any Goods or partially completed Goods, if applicable. Reimbursement for such actual direct costs will be Supplier’s exclusive remedy, and will constitute satisfaction of any and all liabilities of ▇▇▇▇▇▇, with respect to any cancellation of the Purchase Order.

Cancellation Without Cause. ▇▇▇▇▇▇ Purchaser may cancel the supply of any Goods and/or the performance of any Services or any part thereof at any time without cause and at its sole option by giving written notice to SupplierVendor. Upon such cancellation without cause, ▇▇▇▇▇▇ Purchaser will reimburse Supplier Vendor for its actual direct costs incurred in respect of the Purchase Order prior to the effective date of notice of cancellation together with any actual direct costs resulting from such cancellation, less the reasonable recoverable value of any Goods or partially completed Goods, if applicable. Reimbursement for such actual direct costs will be SupplierVendor’s sole and exclusive remedy, and will constitute satisfaction of any and all liabilities liabilities, damages or obligations of ▇▇▇▇▇▇, Purchaser with respect to any cancellation of the Purchase Order.